A-share market express at the opening | Index fluctuates and rises, ChiNext index rises by more than 1%! New energy stocks rebound

On November 19, the three major A-share indexes collectively opened higher, followed by a fluctuating increase, with the ChiNext Index rising by more than 1%. As of 9:45, the Shanghai Composite Index rose by 0.18%, the Shenzhen Component Index rose by 0.59%, and the ChiNext Index rose by 1.03%. On the market, the consumer electronics sector fluctuated and rose, with Huawei's mobile phones leading the way. New energy stocks in the fields of photovoltaics, lithium mining, and others rebounded, while the semiconductor and defense sectors were among the top gainers. Real estate stocks declined, while insurance, coal, oil, and gas sectors had the biggest drop. In terms of main funds, funds favored industries like communication equipment, photovoltaic equipment, and chemical pharmaceuticals, while funds exited industries like infrastructure construction, optical optoelectronics, securities, and passenger vehicles. Institutional Views EB SECURITIES: Shanghai Index shows signs of stabilizing first, may continue hot spot rotation EB SECURITIES pointed out that the release of the "14 market value management measures" specified market value management system for major index constituents and a plan to improve valuation disclosures for long-term companies trading below net asset value, which sparked a rise in some undervalued stocks and blue-chip sectors on Monday. Looking ahead, although the market is generally falling, structurally, funds are shifting from high-point theme hotspots to recently stagnant undervalued blue chips, with signs of the Shanghai Index stabilizing first. In terms of market style, the hot spot rotation may continue. China Securities Co., Ltd. Chen Guo: Funds hesitate and doubt, resulting in slow bull market Chen Guo, Chief Strategist at China Securities Co., Ltd., wrote in the morning, "In a market with sustained weakness and where investors lack a sense of achievement, even if it heralds a major turning point, it may be a luxury to talk about the steadfastness of investors' mentality. Many funds tend to enter and exit quickly, causing sudden fluctuations. Just get used to it, and things will slowly change. As I see it, from policy to fundamentals, step by step, things are moving forward and improving. Funds hesitate and doubt, resulting in a slow bull market." Hot Sectors 1. Photovoltaic sector rebounds Photovoltaic concept stocks rebounded, with Sineng Electric rising by over 10%, and other stocks like Suzhou Good-ark Electronics, Ningbo Deye Technology, Sungrow Power Supply rising by over 5%. There was also a follow-up rise in stocks like Gansu Golden Solar, Ginlong Technologies, Jiangsu Goodwe Power Supply Technology Co., Ltd., and Risen Energy. Review: On the news front, Wang Bohua, Honorary Chairman of the China Photovoltaic Industry Association, stated that in the first three quarters of this year, China's total export of photovoltaic products (silicon wafers, battery wafers, modules) amounted to $25.93 billion, a Y-o-Y decrease of about 35.1%, continuing the trend of "increased volume and decreased price." Losses in the photovoltaic industry continue to expand, far surpassing the losses caused by the industry fluctuations in the past. 2. Consumer electronics sector rises The consumer electronics sector fluctuated and rose, with Huawei's mobile phones leading the way. Several stocks like Risuntek Inc, Jiangsu Kuangshun Photosensitivity New-Material Stock, Guangdong Hoshion Industrial Aluminium, Suzhou K-Hiragawa Electronic Technology hit the limit up, while others like Hubei DOTI Micro Technology rose by over 10% and multiple others by over 5%. Review: On the news front, on November 18, the Huawei Mate 70 series announced the start of product reservations at 12:08, and within 5 minutes after the opening, over 270,000 people had pre-ordered. By 14:15, the number of reservations had exceeded 1 million, reaching 1.174 million. This article is reproduced from "Tencent Stock", GMTEight Editor: Jiang Yuanhua.